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Search Results 0 to 16 of about 17 (some duplicates have been removed)
CNN
Nov 24, 2012 10:00am PST
the murder investigation. >>> coming up in the cnn newsroom, u.s. congress returning on tuesday with all eyes focused on the fiscal cliff. >>> and black friday has come and gone and now the best barringians are 48 hours away, perhaps, on cyber monday. we'll have tips you need in order to try and save some cash this holiday season. "your money" starts right now. >>> for months i wornd you about the economic storm of the dangers of going over the so-called fiscal cliff. the one washington created. it seems with the noise of the campaign behind us, washington is listening which means that after several months of harping on the dangers that you face, i'm ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." i will not drop this issue until it is settled. then we have the debt ceiling debate. but there is life after washington induced catastrophe. frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turn around year for the u.s. the start of a recovery that feels real. most of it
CNN
Nov 18, 2012 12:00pm PST
could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital ga
CNN
Nov 17, 2012 1:00pm EST
, the average household could pay $3500 more in taxes. unemployment in the u.s. which has come down to 7.9% could head back up above 9% by this time next year. the u.s. could join europe which has been hit by a double dip recession. and according to a pugh research/"washington post" poll, you clearly understand the danger of this fiscal cliff. 68% say it will have a major effect on the economy. 21% say just a minor infect. only 2% say no effect. 10% say they don't know which is why you're watching this right now. president obama's solution to all this is to make a deal centered around increasing taxes on the wealthy which will go a good part of the way to raising the $1.6 trillion in new revenue that he wants to raise over the next decade in his attempt to reduce the federal deficit. he wants to let the bush era tax cuts expire. if that happens, the top tax rate on income would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second top rate would go from 33% to 36%. now this is what president obama campaigned on. he's been vague about the specifi
CNN
Nov 4, 2012 12:00pm PST
hasn't done too badly. >> so when candidate romney says he sees the u.s. heading in the direction of greece, is that a real probability? >> i think there's still something of a gap between the u.s. and greece, but we have been, for a long, long time, we have been very, very worried about the deficit, about the buildup of debt in america. to compare it to greece is quite an extraordinary one. if you go to greece, you wander around athens, you have the threat of ethnic violence. i think all presidential candidates are allowed a degree of hyperbole, but i think on that particular question he's got a long way. >> other nations are looking forward to this election because they're thinking about the trade opportunities, they're looking at the promotion of peace, they're looking for opportunities of diplomacy. but is there more at stake in this election, 2012, that we didn't see in 2008? >> i think there probably is from a realistic stand. one one, it's very close. two, with romney we don't know exactly what sort of foreign policy he would follow. the romney of the most recent debates was s
CNN
Nov 11, 2012 3:00pm EST
overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. his firm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise those tax rates on the rich, and you know what those republicans are saying in the house, ali? well, you know what, we were electing not to raise those tax rates. you can get agreement on entitlement reform, raising revenues and do some common sense things to get control over the next ten years. we're not that far apart. >> yeah, an
CNN
Nov 10, 2012 10:00am PST
as the u.s. comptroller general. today he's the ceo of come back america. he's an unapologetic deficit hawk. mohammed al arian is the ceo of pim he could. his firm is the largest investors in bonds. and stephen moore is the founder of the low tax advocacy group club for growth. i'm going to start with you, stephen. my good friend, the fiscal cliff is the immediate threat both parties need to come together to fix it because not fixing it would set even conservative fiscal causes back, don't you agree? >> yeah. i think most republicans agree. they don't want to go off this fiscal cliff either, ali. i think the one hang-up in negotiations which will start on tuesday is the president says, look, i was re-elected to raise those tax rates on the rich. you know what the republicans are saying in the snous you no he what? we were reluctant not to raise the tax rates. i think if the president takes the tax rate increases off the table, you can get an agreement on entitlement reform, getting more revenues and doing some kind of honest to goodness common sense things to get this deficit u
CNN
Nov 25, 2012 12:00pm PST
according to plan, 2013 could be a big turnaround year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy, though your state and federal government will have to step in to make it happen. let me explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly cheap and abundant and not only used for gas in homes and businesses but for the manufacturing generation. it's not just about cars and homes, more domestically pro du duced energy will provide fuel in manufacturing goods. combine them with rising costs in china and other countries and already high shipping costs, and you make made in america products more attractive to people abroad, and that's good. home sales rising for the first time in years. construction is start to go pick up. and historically low interest rates now averaging below 30% for a 30-year fixed mortgage will only fuel a rebound next y
CNN
Nov 3, 2012 10:00am PDT
michigan has more. but that number would be much smaller if the u.s. government hadn't bailed out the automakers. let me say that again. the number would be much smaller if they hadn't bailed out the automakers. the center for automotive research found that between 2009 and 2010, the bailout saved 1.5 million jobs across the u.s., save $$100 billion in personal kmk and saved the government $29 billion in what would have been lost revenue. it did still cost the government money though. here's why it matters. both presidential candidates spent millions of dollars campaigning in this state. president obama leads mitt romney, barely in, a race this tight the auto bailout could swing the vote. now survey conducted by ohio newspaper organization finds that 29% of likely voters are more likely to vote for obama because of the auto bailout. that's compared to 21% who say they are less likely to vote for him as a result. mitt romney tried to cut into the president's support with this ad. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps i
CNBC
Nov 6, 2012 5:00pm EST
u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy? >> i hope there is an agreement because it would be pretty disastrous. the congressional budget a office told us it would take 4% to 5% of gdp out of the economy. in other words we would be in a recession for sure and a deep one unless we come bouncing back t quickly. in other words, congress reverses itself after letting us go over the cliff. >> handicap what you think happened in either scenario if president obama is reelected or if governor romney is elected. >> i think in both cases there is a better than even chance we will go over the cliff. i think if president romney gets elected he will say i want to keep the tax rates as they are today. but, of course, he won't be able to do that un
CNBC
Nov 6, 2012 7:00pm EST
technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back. we want to show you the very latest. what you're looking at here is virginia. the polls have closed but nbc news is saying it is too close to call. also, florida, some polls have closed. all of the polls will close at the top of the hour. but what we see here as you can see, some polls have closed and so far we are really in a neck and neck situation in florida. all of those polls will close at the top of the hour. every house seat as well up for grabs and more than 30 senate races as well. >> and whoever wins the white house will have to work with this group to solve some big fiscal issues in this country. amman jabbers is watching the balance of power tonight. >> hi. well election night has begun in the u
CNBC
Nov 7, 2012 7:00pm EST
to policy gridlock and economic stagnation and roll up sleeves, make 2013 a better year for the u.s. economy. they're urging congress and the white house to do the same. well, let's talk to john engler, president of the business round table, former republican of michigan. governor. so john, elections matter. you know that. there's already been some degree of cooperation in the last 24 hours. the president called the leaders. mr. boehner reciprocated, said maybe we can make a deal. what do you think's going on here? >> well, i hope it is a thaw that's going to result in some significant progress. we're way behind in terms of work that just needs to be done. i mean, provisions in the tax law that if expired will be going on almost a year now. more at the end of this year. so this short-term fiscal cliff has to be gotten out of the way. that's just noise. and then we need to get serious on the long-term fiscal strategy, which includes economic growth, comprehensive tax reform, and entitlement reform. those three are all i think integral parts of a plan that would see america and our ec
Search Results 0 to 16 of about 17 (some duplicates have been removed)